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FOX News
Dec 4, 2012 8:00am PST
: former president george w. bush set to take the podium any moment in dallas expected to deliver a speech about the months tiff impact of immigratio positive impact on immigration. we'll bring it live as it happens. dozens of atlanta students and teachers treated for carbon monoxide poisoning back in school today. what caused the potentially deadly gas leak. and it's all "happening now." jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves seri
FOX News
Dec 4, 2012 3:00pm PST
obamacare? first, president george w. bush on the piece of the economic recovery. it might surprise you. side is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> three, two one. take a look at the lighting of a capitol christmas tree an hour ago. 73-foot spruce. decorated with 5,000 ornaments. that's the spot where the inauguration will take place next month. beautiful. republicans trying to come up with a party's game plan when it comes to hispanics got star power to help today. former president george w. bush said the immigrants are key to economic recovery. we have the story from dallas. >> democrats increase growth. they are our friends if we want future job. >> 43rd president of the united states. >> the former president bush was helping spread
KRON
Dec 4, 2012 8:00pm PST
closure in the east bay ... get a bit of a reprieve. plus, former president george w bush .. weighs in on the state of immigration reform. -what's up? i'm chris. -and i'm erik. both: we're the fruit guys! back in 1998, we had this idea to deliver fresh fruit to offices in downtown san francisco. we built these wooden crates, filled these with fruit in my one-bedroom apartment. the fruit guys has been with bank of america since they first started. we work with them to help them grow and succeed. we're coming up on 50 employees and delivering to thousands of companies every week. i would definitely say this is a fruitful business. moffett in national news... police in new york are questioning someone, after a man was pushed into the path of an oncoming subway train on monday. mary snow has new surveillance video of the incident.. and the angry reaction to how the story is being covered in the new york tabloids. this is on the cover of the new york post. the subway train apparently just seconds away from hitting the victim. investigators say, the man tried to pull()vo)á police are questi
FOX News
Dec 1, 2012 10:00pm PST
for comic relief, i go gangdom, and all of it after this. >> in 2004, george w. bush runs 44% of the latino vote. this year mitt romney got a measly 28%. if he had gotten even 35% he would have won the pop already vote, mitt romney, and maybe the presidential election. so for the first time it can be said conclusively, but probably not the last time, the latino vote was decisive in this election. bearing that in mind here is craig with the senior latino senator, bob menendez, democrat of new jersey. >> i think what was incredibly encouraging was to see a significant increase in latino turnout. >> senator men anyone des, -- menendez when you learned the latino vote was the decides factor in the leaks, what was your reaction? >> a coming of aim. -- coming of age, this community has grown so in the country. served in the armed forces of the united states over many, many wores, contributed economically, finally here was the constantly referred to sleeping giant awakening. >> the awakened giant was enormous. 71% of the vote. making the difference in states like florida, virginia, new
Current
Dec 3, 2012 6:00am PST
way of comparison, in the twine fiscal year, the last of george w. bush's presidency, the fiscal year goes -- federal spending rose by 17.9% from the 2.98 trillion to 2.52 trillion. in fiscal 2010, the first budget under obama spending fell 1.3% to $2.36 trillion. >> you say that like it's's good thing. i'm flabbergasted. >> who uses the word flabbergasted anymore? >> stephanie: john boehner. >> cracky. >> stephanie: the big surge in federal spending happens in fiscal 2009 before obama took office. the 2009 fiscal year which republicans count as part of obama's legacy isn't that handy? brought on by george w. bush. >> flabbergasting. >> stephanie: it is like george w. bush ran over a pack of cub scouts drunk and barack obama shows up. look at what you did here. see what you presided over? >> shows up in the ambulance. >> look what you did! >> stephanie: oh my god. no i'm emt. it began four months before obama moved into the white house. the major spending decision in the 2009 fiscal year were made by george w. bush and the previous congress, just an fyi. >> flabbergasted. preside
MSNBC
Nov 28, 2012 6:00pm PST
policy. remember george w. bush after he was reelected. george w. bush took off an a tour of the country at the start of his second term. what president bush was barn storming the country with to call americans to action about was his idea we should privatize social security. >> i like going around the country. i am going to keep telling people we've got a problem until it sinks in. >> it did not sink in and we did not turn social security over to wall street the way president bush suggested. that is less a caution for the current president, that president's broadly speaking shouldn't try to involve their public in their policy causes. it seems less a caution for president's broadly speaking on trying to do that than it is a specific cautionary tale about trying to involve the public in your cause when the public hates your cause, when the public doesn't agree with you. president obama has the public on his side. president george w. bush was touring the country behind an idea that was wildly unpopular. for president obama, people already like his idea, about raising taxes on income over
Current
Dec 5, 2012 5:00pm PST
with disabilities here in the united states under the ada. george w. bush, he was the one who passed the ada. this treaty was the brainchild of his son right? --george herbert walker bush was the brainchild and george w. bush was the brainchild of this treaty. >> eliot: that is what is astonishing, the heritage of the act and the treatry are in the republican party. it is actually perhaps the last vestige of the republican party as a voice for civil liberties and civil rights. you have both bush signing it, drafting it, and then it is astonishing that these nativist voices, the fear of the united nations this paranoid sensibility that captures a few votes in the republican party prevent it from passing the senate that is supposed to be a batian of reason. you worked in the obama white house, does it shock you when lindsey graham stands up and votes against this. he's somewhat a respected member of the senate. >> nothing shocks me any more. the republican party has been moving away from disability for some time. when you look at other things that the congress has focused on medicaid,
MSNBC
Dec 5, 2012 10:00am PST
go, george w. bush speaking at the dallas fed last night about immigration. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk about taking a softer line on immigration the day after republicans in the senate refused to ratify a treaty on discrimination against disabled people. those are two different courses for the republican party and i see one thing that strikes me, you have george w. bush here, robert dole, another former presidential nominee on the floor of the state. the party is moving on. these are not the most powerful voices in the party. the speeches we heard yesterday from marco rubio and paul ryan are i think more influential when trying to
MSNBC
Nov 28, 2012 10:00pm PST
existence. the opinion written by a judge who was appointed be i president george w. bush says the illinois eves dropping statute restricts far more speech than necessary to protect legitimate privacy interests. it violates free speech and free press guarantees. the people of illinois had tired of this obviously unconstitutional law before the supreme court disposed of it this week. in august of last year, a woman was prosecuted for recording internal investigators who she believed were trying to persuade her not to file a sexual harassment complaint against a police officer. the woman went to trial and was found not guilty by a jury of her peers. the good police officers in this country, which is to say most, have no problem with the supreme court's decision. you can videotape them all day and you won't find them doing anything wrong. >> thank you. >> but tonight, thanks to federal judges appointed wii both democratic and republican presidents, some chicago cops, the bad cops, have something new to fear. your video. >>> susan rice is extraordinary. couldn't be prouder of the job s
Current
Nov 28, 2012 8:00pm PST
measure than the years after george w. bush reduced the highest marginal tax rates. the evidence seems to point in the opposite direction, higher taxes on the wealthy help the economy, and don't hurt the economy. >> eliot: that is exactly the point that warren buffet has made over and over again. the preeminent investor over the years. he said i'm a capitalist. i want to make money. listen to robert reich. from an ideological point of view it seems to me from the inception of the republican party they want to cut taxes cut taxes this has been an effort to starve the beast. to say that there is no money for government, and you must cut the agenda. that seemed to be the agenda from the early reagan revolution revolution. >> david stockman came up with the phrase, starve the beast. he understood if you go deeper and deeper into debt and reduce tax rates in particularly on the wealthy, at the same time everybody else is just getting by the minimum wage became stagnant in the 80s. the middle class paid less taxes and the wealthy paid less taxes because the tax rates went down. when you have th
FOX Business
Dec 3, 2012 10:00pm EST
all of this up here tonight with former special assistant to president george w. bush, veten democratic politicos strategist and republican pollster. president obama issued a warning to syrian leader declaring there will be consequences if syria uses chemical weapons on its own people. the president's steered clear of defining those consequens. egis political crisis is widening cajon. a general strikeo protest the presence unrestricted new powers. in this country's hospits that deadly new bacteria that is more than just drug-resistant, it is draw prevent spreading. just how high is that this book of? we begin tonight with the fiscal clef which produced more far spent progress rejecting the speaker of the house cla that no progress is being made >> the house speaker said on fox news sunday right now i would say we are nowhere in terms of the fiscal cliff negotiations. does the president agree? >> no, he does not. you saw secretary geithner over the weekend on aaoth sunday shows very clearly express the president's poition, talk about the proposals the president has put forward
Current
Dec 7, 2012 1:00am PST
george w. bush. after the tax cut obviously it's going to do much better. let's see how that goes. what? after the second tax cut in 2003 a dramatic dive down in the economy. when you look at this, it is obvious when the republicans say hey, if you do tax cuts, it creates jobs, we have a long record of that not being the case. when they say if you increase taxes, oh, you're going to destroy jobs, what are you doing? we have a long record of that not being the case. but none the less, i want to go back one more time to christopher cox in 1993. here was his prediction what would happen to the economy if we cut taxes: >> cenk: wrong again cox. so, they were wrong before, they're wrong again today. and then, i've got to give credit to the reverend al sharpton who made an excellent point the other day in a blog posting. he said we're talking about shared pain, but wait a minute, we didn't get any of the benefit of those recovers: >> cenk: and he's only 100% right in that. look at this. in 2010, when we had a recovery, did you and i recover? no! the top 1% got 93% of all the income gains duri
FOX Business
Dec 3, 2012 7:00pm EST
not. when you dig deeper into the poll, americans trust the senate more than the house by a mere 4 percent margin. it's a pretty sad state of affairs. lawmakers are even in the same conversation. that's my "2 cents more." that's it for tonight on "the willis report." thank you for joining this. have a great night. as you read pecker tomorrow. ♪ lou: good evening. republicans say no talks on the budget are scheduled, and there has been no progress at all and avoiding the fiscal glove. the white house plan is just the opposite, that progress is being made toward a bipartisan agreement. there is no dispute about the fact that we are now 28 days frrm going over the fiscal cliff with no talks taking place between either side and more troubling, no talks scheduled between the president and house speaker. we take all of this up here tonight with former special assistant to president george w. bush, veteran democratic politicos strategist and republican pollster. president obama issued a warning to syrian leader declaring there will be consequences if syria uses chemical weapons on its own people. the president's steered clear of defining those consequences. egis political crisis is widening cajon. a general strike to protest the presence unrestricted new powers. in this country's hospitals that deadly new bacteria that is more than just drug-resistant, it is draw prevent spreading. just how high is that this book of? we begin tonight with the fiscal clef which produced more far spent progress rejecting the speaker of the house claim that no progress is being made >> the house speaker said on fox news sunday right now i would say we are nowhere in terms of the fiscal cliff negotiations. does the president agree? >> no, he does not. you saw secretary geithner over the weekend on aaother sunday shows very clearly express the president's position, talk about the proposals the president has put forward and express our belief that there has been progress and that we can achieve a bipartisan agreement. lou: the president has not spoken to the house speaker about a resolution to the fiscal cleft cents a late night phone call last wednesday. instead dispatching treasury secretary timothy geithner did last thursday to present a plan that the speaker deemed not serious. here is his response to the negotiations that have largely taken place through the media. >> flabbergasted. he can't be serious. i've never seen anything like it seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. lou: the speaker, an absence of actual conversation or anything resembling negotiations sent a letter to the president with the republican counteroffer which included $800 billion in new revenue through tax reform, closing loopholes and deductions instead of raising rates. 1 trillion in spending cuts to including health care reforms such as raising the medicare retirement age and limiting the cost of living adjustments for social security recipient. meanwhile, a brand new poll dismisses the president's claims of a mandate to raise taxes. a survey of 800 obama voters split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failure to resolve the issues. joining as, former special assistant to president george w. bush, a veteran political consultants and republican pollster. let's start, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the president is very ready because they are reading into this election last month a mandate that i simply don't see. the president got 15 million americans to vote against him which fail to produce any type of meaningful budget in his democratic controlled senate. we are at the disco club because of the president's inability to ever a single-day tackle entitlement reform and take it seriously talk about tax reform instead of tax hikes, so i think the way to have honest good faith initiations is to come to the table closer together. lou: before we restructure negotiations that act have not taken place, the republican side of the issue? and other republicans ready to go over the cliff? >> probably because they know that president -- they know that the president is not serious about anything but taxing the rich. lou: so to be clear republicans and all of this are pure and noble and the democrats are crass and political. is that right? >> partisan poppycock. political motives are clear. force the republicans on the ads, making shut down the government, make them look bad, recreate 1995 which i participated in. you make it look bad and you get a shot to take back the house and create american public opinion to work for you. >> and the country goes bankrupt thank you for being honest. >> i'm not writing policy, nor am i policy person, but i do understand. this is an attempt under this president to ensure that the republicans look as bad as they have never looked. lou: the republicans, this is a direct attack. and to elements of the dna of the republican party. one is low taxes and secondly, it is a sense of fiscal prudence and responsibility. if they play it is entirely wrong they could have both of those elements of their dna strips from them. >> that is right. the thing i worry about is the republicans seem to negotiates themselves. they blew an opportunity to frame this issue to the american people. when you had the senate minority leader, and laugh when he heard about the proposal, if i were him i would have come out and said, you know what, this administration wants to usurp the constitttion of the united states and take away the ability of congress to control the purse strings. they are not serious, not negotiating in good faith and years the republican proposal. lou: you mentioned that this president was emboldened. just for the record, dismissing any idea of a mandate as a result of that election. the president himself has chosen to resurrect an idea. but the issue here, these republicans have lost two presidential elections a row. theseerepublicans right now looked as though they are utterly flummoxed by the strategy and the actions and their rhetoric of this white house. is there anyone in the republican party who is going to be able to stand up and carry a clear, crystal clear message to the american people that they're working for them, not for small business, big business, and not for some sort of archaic concept of the republican party but rather a party that is embracing 2012. >> yes, but to move toward they ought to look at 2010. because 2008 -- 2006, eight, and 12 were terrible for republicans. what was the message? i spoke to the three works fine people in washington yesterday from all over the country. i said i will give any of your million bucks if you get some new what the republican message was in 2006. i kept my money. i give you a dollar if you continue with the republican message was in 2010. all about puuhing back against excessive interests of expansive expensive government over reached in the guise of tarp and stimulus and obamacare. here we are again. they know who they are. >> a party of social issues cannot make its of a party of economics. they are completely stuck in the middle, and obama holds the cards. if they take the wrong but they lose and if they take the right pose the lose. of their patriotic into what is right they lose. very difficult position to be in >> but you are admitting that this is about tactics. [talking over each other] >> i am not a brain surgeon. i am a political person. that's what i do. lou: i love it when you are modest. >> modesty becomes you. this is where i think republicans have an opportunity to lead. they need to be clear, concise, and say -- lou: if i made, who in the republican party is capable of carrying out -- >> there are a number of them. republicans need to find somebody. lou: he could not carry his own state. let me finish. i really want to have less serious discussion here tonight. who among the republican leaders and i would like you to name names, has the capacity and at the same time as he recites as many people i would like you to explain why they are not up rallying a republican party from the locals, districts and communities and municipalities to the national campaign. >> well, for one -- lou: it should be had. >> one individual who should released about the place you can do this is my old boss, governor of ohio, chairman of the house budget committee. lou: he just lost his state in a national election. >> romney lost the state. the unemployment rate in ohio has gone down was due to policies. >> sorry about these governors. they have made there stay solvent. but look. -- [talking over each other] >> if i may. my heart is filled with excitement. i am so excited as i hear you tell me how good things are at the state level. there are governors out there. there are state legislatures, 26 of them controlled by republicans. i am not suggesting that the republican party has disappeared i am suggesting that national leaders to deal with the white house in a campaign structure@ that is still campaigning relentlessly after winning a presidential election -- >> the speaker has not buckled. he said la land. lou: did he say lolland all by himself? >> this is serious. here is what we can do. here is what we want to do. take the politics out of it. they'd be partisan is this right now. a higher probability they can come to a deal or look like heroes. if they try to make this work there will be in very serious trouble for some time to come. >> stop talking about 2016. i want to hear about 2013. we need one solid message and the multitude of messengers. lou: it's going to look lousy. >> real trouble. >> that is exactly right. lou: much more on the state of the fiscal cliff in the nation next. contagion, a deadly outbreak of a bacterium that is not drug-resistant. so far is a drug-proof. it is attacking our nation's health care facilities. health officials fear it could spread to the general population . dr. mark siegel joins us in moments. disco closed fallout. is president obama not serious? surely the leaders would not play games that could result in a ten per -- 10% of the plumber rate, recession, and a massive wall street sell-off. a wall street veteran joins us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. 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[ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. ♪ lou: the uncertainty over the fiscal cliff, conflicting economic reports giving investors headaches and upset stomachs, at least some of them. to make sense of it all, wall street legend joins us and just moments. first, let's take a look and what caused all of the tanks in the "moneyline" tonight. unexpected weakness, an absence of leaders in washington creating anxiety, some volatility. adelle opening the month with a 60-point loss, s&p dropping, nasdaq eight, trading right on the average from monday, 3 billion shares traded on the big board. is in manufacturing index of thing lows, declines in employment, new orders, and exports. offsetting that negative news, construction spending moved higher. automakers posting strong sales performance is in the month as well. the government ten year notes slipping, the yield rising. continued that trading on wall street. obviously causes, nervous investors and traders with the dow hitting its low of the session just saw two minutes after the speaker said his proposal to the white house. to give us his analysis of what is happening in this market, to assess threats and positives for investors and to call those whose nerves are frayed and particularly what looks like a very large game of liar's, today we are joined by michael holland, president of holland fund. >> great to be here. lou: there seems to be some considerable attention beginning to be paid by investors to what is happening and washington. what is your sense of the level of anxiety right now? >> interesting. a lot of the viewers are interested in the market. to the extent that there is no liquidity in the market because a lot of people are watching and have not been as stock-market since the crash or for that. lou: a highly intelligent audience by definition. >> by definition. that means that even a little bit of news, positive or negative as a very large amplifying effect on the marketplace. in addition to that i am not going to make a joke of this. the computerized trading has an impact as well. some of these computers actually trade of headlines. so it increases even the -- at this point i think a lot of people who actually still pay attention and are still on the market, and there are not too many of them. as people do not believe that these people in washington are so stupid that they are actually going to do this. lou: one of the longest offending. >> i went. i went. so at the end of the date they don't think it is going to be a fiscal cliff issue. it think it will get together and did a short-term thing. if that does not happen there have been some market people the say that would probably be a good thing if there when of the fiscal cliff. it is a disaster. the rating agencies said they would downgrade credit. and the people are not going to be. >> the last time i recall a downgrade the result was a rally in the bond market and about a ten. move over the short term in the equities market. >> yes. lou: so was talking with a fellow the other night, measure of success in his career making decisions on equities and companies. he says he thinks the fiscal cliff is so overstated as to be insured. >> without a question in the minority of those i know. >> on the tax side of it is overstated. there is no question. a little the taxes they are talking about. no one likes to pay more taxes, but the effect on the market, the things that are being proposed would be overstated. i don't think a downgrading by the credit agencies is factored into people's thinking. so that part of it, if they do something that makes the credit agencies, all of them in unison downgrade as to something below, think about this, that is not a good thing. that disturbs the markets. lou: so and other smart people watched, the speaker off fumbled through his rhetoric to say how tough he is and how resolute the white house will be in all of this. the reaction is in the markets, if it goes another couple of weeks. >> people are saying we are all idiots. people who don't have anything to do with washington and we have to live in places where we are the safest. the debt market or the equities market, particularly the equities market. china, germany, the u.s. they can survive these crazy politicians. lou: tell important. what do you think we can expect? >> far less significance than it has in the past several quarters. in addition people pay less attention to it. lou: and the strength. >> i'm going to giie you a very positive thing. the housing industry in the u.s. is absolutely turned around. china is trying back. so you have three major underpinnings well these idiots are doing what they're doing. lou: okay. as always to agree to talk to you. at the box office, vampires in love. james bond with a slow holiday weekend. entertainment twilight finale pulling in 17 million. tops of the box office. the twilight saga breaking don part two has made more than $700 million worldwide. the latest bond flick making another 17 million. pulled in just about 870 million worldwide. the richest total ever in this series. coming in third. thirteen and a half million dollars for the weekend. up next, the fiscal cliff. a proposal of his own. the president. what does he think? is it a joke? we will take it up with michael ramirez in just a moment. is our population at risk? a super bug now plaguing this nation's health care facilities. we are joined to assess the threat and the prospects for a public-health response next. you know how painful heartburn cane. for fast, long lasting relief, use doctor remmended gaviscon®. onlyaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavcon®. ♪ lou: we do not want to the frightened or concern anyone with these new reports but we think the responsibility braise it to you. the reports of hospitals with in what has been a very quiet battle against a deadly super bug that is resistant to most of not all antibiotics. at this deadly bacteria has been reported and hospitals and nursing homes across 42 states in this country. a growing fear is that they could make it way into the general population. joining us now to help us assess what is happening here, a level of the threat and the possible responses by the medical science community, fox news senior medical contributor has written extensively about and mx and this has the prospects of becoming one. first off, good to have you with us. >> good to see you. lou: cre stands for something that i could not possibly pronounced. >> it sounds very foreboding and mysterious and deadly, which is. lou: and it is so deadly and it is spreading. the original report, when we first saw the report. and i want to give them credit for that. the idea that this drug is absolutely drug proved to all non antibiotics, is that truly the case? >> not entirely. each time you see this there is occasionally an antibiotic that actually can be used against it, but often this 25, 26 antibiotics tested against this but don't work. and actually it is good to talk about this because it is a symptom of what is wrong with the current situation in medicine are we see people sicken and i see you. we throw a very powerful antibiotic got them, something like merope n.m., which is what fun talking about. lou: the last line of defense. >> right. and the bacteria makes millions and millions of colonies. it sees this drug and over time will develop resistance. this particular resistance was developed back in 2001, but it has been spreading. they bring it to a nursing home. it is hard to track it. lou: to this point crt has not been found. >> id is not yet in the communities. we saw that. it ended up in the gym. worried about that here. 40 percent. 40 percent. lou: a comparable disease. >> to give you an idea, you don't see that with hiv or tuberculosis. the biggest problem from a business point of view is that the drug companies don't have an incentive to try to find to give the antibiotics to kill this. even giant said use every day. something like this you only would use if you had the deadly bacteria, so it is not profitable for a drug compann to even, but the solution to this problem. they try to mop up they don't have any. no antibiotics out there were all the time against this, and it is going. lou: and there is no drug in the pipeline. >> no drug in the pipeline. you heard me say before in the current climate under obamacare the pipelines are starting to dry. this is not going to be solved easily, and it is growing. the centers for disease control are concerned about this particular venture area. lou: the infectious disease society, one or more drugs killed. 100,000 hospital patients every year and costs the health care system more than $34 billion each and every year. tragedy in the nfl. what drives a professional athlete to murder and suicide? what was the role of drugs and pain? we are joined to analyze the tragedy. a red line on syria. secretary of state clinton talking tough as violence rages. what is the president thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center will. what is wrong with obama and banner? did they really think this is a good -- a game? ♪ ♪ [ male announcer ] it started long o. the joy of giving something everything you've got. it takes passion. and it's not letting up ytime soon. if you're eligible for medicare, you might know it only coversbout 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medica supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to reques a free decision ide to help you understand medicare. and which aarp medicare supplement plan might work besfor you. there's a range to choose from, depending on your needs d your budget. and they all travel with you -- anywre in the country. you'll be joining the millions who have alread in the only medicare supplement insurance plans organization serving the needs of pple 50 and over for generations. ♪ remember, all mecare supplement insurance plans help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. you'll be able to choose anctor or hospital that accepts medicare patients. and you ver need referrals. so call now request a fe and learn more. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. goong. ♪ lou: our next guest says president obama see democracy as a form of social inequality. in a recent cartoon he draws a young barack obama at the blackboard. government. joining us, a pulitzer prize-winning editorial cartoonist. he is a two-time pulitzer prize-winning editorial cartoonist senior editor with investors business daily. great to have you with us. be appreciated so much. i love your cartoons, and i would want to adjust, if we may, go to a few more of them to get your remarks. i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white house is giving me plenty of fodder for curtains. and it is funny to think about these events, but a very traumatic and serious. they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is very difficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that resolution in washington d.c. >> but the problem here is that frankly there is a fine and out of capital that can be used up their divided either in the private sector which creates businesses and jobs and federal revenue or given to the government which is just a bureaucracy and creates nothing but bureaucratic management. if you look at the last gop congress and the expenditures, about two and half trillion dollars and now the president's proposals are about 4 trillion in spending with deficits and increased. it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and $0.0. it is a food stamp. i have to say, we are looking at a president who is willing, as you know, an assistant on $82 billion of tax increases on the so-called wealthy, the top@ 2%. and that is going to amount to just about nine days, almost nine days a lot bring the federal government's. more and more absurd proportions >> it really is absurd. when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being fiscal managers for the united states. when you think about that, $20 trillion in four years. if you paid off a dollar a second you're talking about 670,000 years to pay is tough. the response is impractical, and when you look at the biggess growth which is entitlements and think about the dynamic shift in the demographics, people are getting older, living longer, the costs attributed to that with less workers, our population is not growing at much to mike catastrophic. if they don't do something realistic to curb spending problem. lou: as of tonight it looks like there is nothing realistic going on in washington d.c. imagine that. it is great to talk with you. i hope he will come back soon and often. amazing, as you saw. editorial cartoonist. up next ralph nader headlines a triumvirate of angry liberals over the weekend. we will have that straight ahead.3 up tomorrow former ways and means committee chairman, fox is military analyst with a new book. among our guests. stay with us now. the dow's doctors go inside the mind of an nfl player turned killer. suddenly, she does something unexpected and u see the woman you ll in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalaf for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the me cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to fruently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take niates for che pai as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ae. to avoid long-te injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions su as rash, hives, swelling of the lips, tongue or throat, or diffilty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. now we need a little bit more... 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[ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what'sn yourallet? here's your invoice. lou: senior u.s. officials have begun moving its chemical weapons over recent days. president obama warning syrian president against using those weapons. >> today i want to make it absolutely clear, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make that tragic mistake of using these weapons, there will be consequences, and you will be held accountable. lou: president obama stops short of saying what steps the united states would take for the regime to cross the so-called redline. battling anti-government rebels for two years. more than 40,000 people a been killed in the fight. angry liberals out in full force over the weekend. among them former five time presidential candidate liberal activist ralph nader same president obama is worth divorce then president bush. >> he does not run with the party and his speech in charlotte and the democratic national convention, the most politically suffer speech, more aggressive. he has basically stated that he has the authority to kill an american citizen or citizens anywhere in the world if he suspects them of trouble. lou: after a university professor compared republican lawmakers abiding by the grover norquist anti-tax pledge as seditious and treasonous. up next in nfl star murders his girlfriend, takes his own life in front of his coach and general manager. but let him -- was led him to those acts? leading psychologist answered that question and much more here next. ♪ lou: the weekend murder suicide committed by kannas city linebacker left the nfl community and the country just grasping for answers as to what was going on in this amendment. a great tragedy. the sixth nfl player in the past two years to take is on life. six nfl players raising the questions about traumatic brain energy, the nfl, and what is going on. joining us to help understand as best we can what happened and what we should be thinking about your as citizens, parents and family members and friends, psychologists and professor and psychotherapist. let me start with the fact that this was such a -- i mean, he apparently shot his girlfriend nine times. i mean, this is just an unbelievable. his friends to my teammates, coaches, no one to believe he had done it. >> but this was also someone who was abusing alcohol and drugs who may have had a brain injury, although i would say the probably the abuse of alcohol and drugs can make a depression more profound to make him more out of touch and more desperate. it. lou: a number of people and commented about his short-term memory that he was demonstrating some loss of short-term memorr. does that enter into -- >> and that is something for a neurologist to speak to, but i don't know how short-term memory loss would indicate that he would be more inclined to be violent. i would say he was in a depressed state, of using his body. what triggered the murder homicide was his girlfriend probably turned to leave him. he was not doing very well. his team was not doing very well . >> and there were both very young. >> they have a new baby. and he knows -- lou: obviously having a great deal of conflict. >> and we see that quite often with young athletes. we also have to look at this traumatic brain injury. lot of people looking for the big injuries. the concussions are really about the fact that players are going unanswered velocity and they are stopped. and so therefore the brain's just rows inside the skull, it's this call from the inside, and that is what causes the concussion. always looking for these big. that is not where the concussions come from. so this overtime may have caused what we see as the short-term memory loss. >> that is the physiological. when it comes to murder-suicide, sometimes when an intimate partner homicide the person being killed -- lou: we should point out, written a very important book about. death to alll-- death tell as part. >> and when i was doing research for this book will we found was people who kill their partners, it does not mean that they do not love them. they're trying to kill the part of a partner that a there wants to leave them and especially in cases where a partner feels there being left. they are so dependent on the partner that they murdered in the killing them. lou: or a partner who feels like there being used. quite often we see with these young athletes, surrounded by young women, sometimes in the getting pregnant. they don't want to harm the child. it is more than they could possibly bear. we don't know if that is what happened, but it might be a combination of relationship issues, depression, maybe all of those things. lou: we're coming right back in just a moment. we will also talk, what is becoming an increasingly recurrent phenomenon. murder, violence, and cannibalism. we will be right back in just a moment. having you ship my gifts couldn't beier. well, having a ton of locations doesn't hurt. and a santa to boot! 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[ male announcer ] break from the holiday stress. fedex office. lou: back with the doctors, let me turn to this, the instance of cannibalism, it seems to be happening more, i can't remember hearing so many instances of it. >> historically. you know cannibalism has been documented. for the most part people who engage in this are really severe lehman tally ill -- mentally ill or a severe personal deeual component. that when you are eatin officer who was looking- f the neving there was. can feel e an orgasm. i am good, you are evil, i am eating you, i am putting you out of your misery. >> possessing their life force, possessing their psychology, that is part of that, but also look at what is happening on the streets with those scenes of cannibalism, people are taking the bath salts that are psycho stistatement rattle that there deuces strength that is why police cannot subdue some of these people, that is part of th goes, i have had quite enough of that. >> talk about finances. lou: in a way, turning to fiscal cliff, watching joh national stage, a game that i'm not sure that media gets or perhaps they. as astute as they are. this is risking everything for a lot of people. what do you make of it? and their attitudes, their demeanor? >> it sounds like everybody is trying to be right, that is interfering with negotiating that needs to happen for what is best for our country and the people who live and love this country. >> in some ways almost a testosterone contest, you do something, i'm going to do something better, this is not about winning for the american people, it is about winning for the party, -- >> the mighty ego. >> i can do it better than you it has to be who wins and who loses. >>> it is unsettling for the american people, it interferes with the american people in terms of spending. >> except the american people have come to accept this, they are not that bothered of by it any more, they are used to the game of chicken. lou: but looking at projects, talking about 10 million people unemployed. and talking about another recession, that is -- >> credit rating already was reduced. this is dangerous. >> we doo't want to end up like europe. lou: thank you very much doctors, appreciate it. >> thank you. lou: now time for your comments, bob in houston saying, i hope that barack obama gets all of the taxes he wants, i will be the first to say i told you so when consequences happen, people learhe
FOX Business
Dec 7, 2012 12:00am EST
that the biggest that is it deregulation. john: 11 george bush? >> even earlier. ronald rgan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in herend even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50. they s
FOX Business
Dec 6, 2012 9:00pm EST
to both surviving men who walked on the moon. one dozen men have that pleasure and distinct honor. we just lost neil armstrong armstrong, the first man to and he said the last man. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream. dream again. >> the federal government will conduct a national test of the emergency alert system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap. do we need government to protect workers? >> absolutely. next? -- question. [laughter] >> good intentions and gone wrong. that is the show. tonight. john: politicians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees. >> they should be protected. >> definitely. so many things could have been. corporations could be corrupt. the government should step been. john: that makes sense. so much beyond the workers' control. safety rules. what does a factory owner care? that is why we need occupational safety and health administration. it sets safety rules. they will show how the workplace deaths dropped since the beginning. thank goodness for government. except look at this graph. workplace death was dropped even before osha dropping just as fast. getting in front of the parade of bartending and leads it. things get better on their own the people don't get that. in european countries they write about high unemployment. those beloved worker protections are the reason they don't higher. they don't get that says our next guest on "wall street journal" reporter who reports on in europe and their work rules. from london, what do they get that we don't? >> european workers have the right to and protection of gainful unemployment. the minimum guaranteed staycation is 20 days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of justice added on another to give a workers the right to to a vacation to over or give back. >> for instance it used the for two weeks for your christmas holiday and use brain drain gold and the last eight-- you are laid up that means they automatically go into your sickly youth then you could have the vacation do over to make up for those days that you weren't that sec or hurt. john: if you say i have they cold? they have to give you that back? >> if it is dead doctor's note to to say she got the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay but now just 200,000. why hire somebody to pay that much to fire them? >> a very good question. to be sure that they want them. it is the decision not allot of employers are willing to make. john: i assume people cheat? >> lot of people cheat. they are expected and that is what keeps the inspector in business. it is easier and cheaper to bribe the inspector then goes to the motion to pay the taxes and declare an come and workers. john: singapore has a booming economy. no minimum-wage comment no laws against discrimination. if you fire, four weeks termination notice and unemployment is at 2%. >> you can start of business, flexible, hire and fire and it makes it attractive. john: thank you anne jolis and thank god we don't have those dumb laws. we have plenty. weird getting more and people want more like a guaranteed vacation. >> absolutely. we work too hard. france and italy six weeks is normal. john: america does not have mandatory vacation but we have 170,000 pages of federal rules and they keep passing more. it shows how america has recovered since the great depression. to sit out this graph from dan mitchell because of these rules add this up and the government spending, tax increase coming can understand when our entrepreneurs think i do not want to hire people then i want to keep my company small then i am stuck with a mandate. i am worried we become like you're up at the same time that model is falling apart. john: we did have these laws but not as many. >> as much as seven like the regulated laissez-faire economy just make sure you have enough breathing room to prosper. over time if government grows faster than a private sector that wedge means the burden of gdp, it is not like one straw causes it to collapse, but there is a tipping point*. are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not have our problem. john: it could antigen gone bad. the federal government will conduct a national test of the dealer -- alert system. john: government spends money but does not protect you. next. >> and nationwide test will begin any moment in. john: that is exciting. >> you cannot avoid it by flat being dead channel. it is everywhere. john: must be the federal government for good the emergency alert system starting with the system to warn as if the russians attacked. then we had the integrated public alert system that they can reach the public in 10 minutes. then taxpayers were built commercial mobile alert system so government can reach you on your cellphone. they say thank goodness. >> of course. when something is happening how else do we know? >> the general attitude is a year safer except have you ever been warned by anything? you often get warnings from us and radio stations of other threats but the emergency alert system? never. even on september 11 the system was not activated although it existed 60 years it was not tested until jaime barnett's said we should test it. you were the homeland security bureau chief and it had never been tested? >> was amazed. we had assist them part of the national preparedness and we know you don't expect what you don't inspect. i wrote a memo and sent it to the white house that resulted november 9th 2011. john: it could be the local station testing on its own. >> that is the fallacy. i assumed the whole test was being carried out. john: was a successful? >> we knew we could come up with what did not connect. and 90% could receive the signal and retransmit. john: how was that successful it is only a 19% of the main stations? >> it was to test where the problems were. >> you call that successful that must be a government definition because the private sector calls that a failure spurred by the federal government will conduct a test of the emergency alert system. >> it hit a few snags. >> of fox viewers heard nothing. >> direct tv cable viewers heard lady gaga play how is that day's success? >> my wife is a schoolteacher 90% get sunday in her class. god love the people who love lady gaga. that is a rule to say you could not have dead air. because of the back they thought we have to put in some music and she was a benefactor 57 i don't need to know the president is in charge but what to do. local media tells me. >> but it can't be done immediately. i think that is a legitimate it local news function but look to the earthquake up couple years ago that was not much damage. what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. 12 hours is not acceptable that was a failure but to still have dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett. my government projects may from dangerous chemicals. base steady if this dangerous to wash your hands with this so poor brush with this toothpaste. their conclusion? you will be amazed. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. john: school is boring. those are students at a charter school. public-school is free of the rules and bureaucracy. some have used the freedom to do much better job. kids get high test scores and the school makes learning fun. >> reading his work but it is a rocking awesome. >> school is fun? >> they teach us in a fun way. john: you look forward to going to school? >> yes. twenty-seven regular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist change that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the charter movement has gone wrong. what happened is an example. >> my group have put together an application to start a charter school and we have been repeatedly stonewalled 57 because of your own daughter's experience you've got together with people and said we will start a charter. >> the first application was 100 pages could. denied. >> they said there was not a need we had typographical errors in the application. john: wouldn't mcdonald's like to say that to burger king? >> yes. john: you try again. >> we fixed them and we got more people involved and we needed to show more apparent support. the first application had 70 letters the second was 125 letters. still denied. john: six times. this is typical. >> it is more and more typical. all-purpose of the charter school movement was to create new public schools, held accountable but free from most rules and regulation. but government encroaches everyday on people who want to start schools. john: the blob in charge they don't that competition state education department even the best states we have an of the highest performing traders goals and arizona the director spends 30% of the time filling out paperwork they tried to squeeze her school into a box. she has to report on the improvement plan. for what? john: i tried to make sure the kids are protected. >> but did her case are all kids reading at grade level? in no. math? no. qualified founders who have recognized something they want to do and we say don't come and? it is a movement people tried to get away from. >> i have resisted undid the union's teachers showed up shame on you. then they demanded i try teaching. >> you can teach for one week. john: the crowd like to the idea. so why surprise them to say sure. i was ready. but the blob did its thing and would not let that have been after endless meetings they decided i should not teach for one week like they embraced the soviet bureaucracy they don't care about the kids? >> i cannot imagine why they stopped a school like hers and why existing charter schools zero or washington dc. >> speculate. >> they are so afraid to make any mistakes and fears a brisk if they are not the very best they will the longer be in business risk is in every great business. if you want high-quality want to take a brisk. >> we will keep trying. we have an appeal on the fifth application. john: good luck. du you use any of these products? cleaned with this? so there has government's steadying it. what did they find? plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. heartburn symptoms causedelieve by acid reux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. john: people want government to keep us safe. the water we drink, the air we breathe. of the soap we use? in done name of protecting us the government has studied the ingredients of the antibacterial soap under our deodorant has a chemical that kills germs. total tuesday's. the bureaucrats steady they have than steadying and now 40 years and still have not made a decision. paul alexander robo book called pandemic people versus terms. 40 years? >> the product was invented to start a review process. the fda decided it was safe to be effective they weren't certain that if was safe and there is some environmental group. then the environmental groups came into protests it was substance was dangerous. and to have research to back it up. >> and to save nine humans to use the product but a and the ap -- epa to label the pesticide. >> is good for identified this. john: it kills a pass. >> the epa bacteria is a fancy word for a germ is considered a past. then these in midges of ddt. >> johnson & johnson and? >> quite an extensive use of. maybe they say that publicly but to predict it will happen in the future. finally after 40 years they make a decision to go against them. in terms of planning commit makes sense to assume after 40 years they may never make a decision if they do, it may not be in their favor. is a safe product and it is then your toothpaste. john: your tax dollars at work? >> more horrible examples of government good intention gone wrong. you have to obey this. john: good intentions gone wrong? that is what this is. said darth frank locke, hundreds of pages supposed to protect us from the evil banks for kabbalah addition say they took needless risks and mortgages because there was deregulation. >> reckless the regulation if we do not act the bad situation will become worse. john: they got it through 848 pages. i have not read it but a lawyer who has specializes in garbage like this. >> the problem is the myth surrounding this that the biggest that is it deregulation. john: 11 george bush? >> even earlier. ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50. they stay small the big banks get bigger. >> the more likely you are to be bailed out. john: i do make more money. it does other terrible things? >> something people need to realize is dodd/frank and 900 pages but it is just a mandate that says you have to make rules on a variety of topics. >> it says go right to new 400 new rules there is 400 it requirements of those 1/3 have been finalized. many year not enforced. 1/3 have been proposed and one-third are yet to to be proposed. we have only seen a small segment of rule-making. >> liv but just to keep up with these nobody could do it and it requires huge numbers of huge manpower hours. john: 24 million hours each year for the roles they have passed so far. >> approximately based on 200. 400 you could double that. john: no wonder the economy does not recover. >> if they were rules people could apply and understand but will we have seen their role say we will do whatever we want to. zero been discretion to do whatever we want. we don't know what they will do. >> we will decide later. >> pretty much the subtext. john: good intentions and gone bad. might take on government gone wrong and a little bit of good news. rack it? yeah, that's the way to do it! now we need a little bit more... 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[ santa ] ho, ho, ho! [ ma announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. >> show title tonight, good intentions gone wrong describes what government does. we have problems. politicians claim they have a fix. they add laws, add to the growing pile of laws, 170,000 pages already. they propose a thousand new ones every week. at the bill signing, everyone feels good, and the public seems to buy it. they think a problem is solved. after all, no kids in washington ask the congressmen what laws did you repeal? it's congressman, what laws have you passed? so they pass and pass and laws pile up. for every one of these, there's an unintended consequence or several. the track record is clear. central planners failed in the soviet union, cuba, in america's public school systems, at the post office. central planning stops innovation, distorts the economy; yet, for all of that failure whenever another crisis hits, natural instinct is to say government has to do something. why don't we learn? because there are awless problems that must be solved. there are always politicians who claim to be problem solvers. they are so interested in our welfare. that's all they talk aboutment some went to harvard, so they must be so smart. we believe them, then, when they say, yes, we can. >> yes, we can. >> yes, we can. >> yes, we can. [cheers and applause] >> real life says they can't do things including free people. no, they can't. yes, they can pass a law, but the law does not solve the problem, but creates new ones. in my city last week, there were protests in front of mcdonalds. unions want fast workers paid more. the new "new york times" put thn the front page saying mcdonalds pays her $8, but she deserves $15 #. civil ights groups, union demands a higher living wage, and they may get it. [chanting] >> the big bad union like the big bad wolf like the government use force. if they want a $15 minimum, that's what employers must pay. that sounds good to people. everyone will get a raise. the problem comes from what is not seen. i can interview the guy who got a raise. i can't interview the guy who didn't open a mcdonalds because work rules were too onerous or those never offered a job because high union paid skills protected him out of a job. we don't know who those people are. they are the unscene victims of the government's protections. it's frustrating to explain the unseen. sometimes i fear no one understands so it's a
Current
Dec 7, 2012 9:00am PST
are talking about george w. bush and how the economic problems that we have were because of george w. bush. well, that's not true. >> ah. >> caller: before george w. bush even took office we had boehner, and sanatorium tom daily, and grover norquist all of those guys were involved in this k street project -- >> stephanie: yeah back when we had lobbyists. yeah i got ya jim. we have short on time. the policies existed before george w. bush. >> yeah. >> stephanie: twenty-nine minutes after the let's rock and roll. there is so much going on that every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. rich, che
MSNBC
Dec 5, 2012 3:00am PST
>>> look at that. how did that get up there? thanks, guys. that's my show on cnbc," "street signs." at the top of the show, we asked you, why are you awake? and producer john tower has some of your answers. >> will says, i like the new guy, although i go to wide-screen format to accommodate his ears. >> where's the love? i'm moving awpaving the way for large-eared people worldwide. thanks, john. "morning joe" starts right now. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place. with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth right now. and if i were a major league team, i would pass on josh hamilton in a new york second because the guy phoned it in when his team needed him the most. there's an attitude problem. and yet he could be such a huge payoff. are the red sox looking at josh hamilton? >> i think any team that's looking at hamilton is looking at no longer than three years with him because of the things you just mentioned. >> he, of course, had an addiction problem, a terrible addiction problem. he got passed -- it was an inspiring story, but he seemed to fall off the cliff. not on alcohol or drugs, but something's up. >> yeah, he appeared to be mailing in his at-bats during the month of september when texas really needed him. and in the playoffs when texas really needed him. but, you know, there's going to be someone out there, joe. you know how this goes. everyone knows how this goes who watches professional sports. there will be some owner of some team who will give him four or five years and huge, huge money because -- >> i know who it's going to be. the new york jets. >> i think he's going to go back to texas. >> i think the new york jets are going to give him a long-term contract at quarterback. sorry, i've just got to say it. so let's talk about the fiscal cliff. >> you don't want to stick on it? >> you want to stick on this? the thing about josh hamilton is, in the 162nd game of the year. >> yeah. >> he basically let a pop fly fall in front of him. >> yeah. >> no effort. >> the irony, of course, is that he probably has the sweetest swing and the most pure talent in baseball. and when he's on, there's no one better. i think he had a four-home run game where every ball was a line drive. it was right on the peg of the bat. if he put it all together, he would have been sitting pretty right now. >> he would have. so fiscal warnings yet to faze wall street. steve rattner, this is a good one to talk to you about with congress and the president seeming to be further and further apart. we're starting to hear well, maybe we can survive the fiscal cliff for a little while. what's going on? >> no, i don't think wall street is saying we can survive fiscal cliff. they're saying i'm not sure we're going over the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to really bash boehner from the right. the president needs to take note. he needs to take note. >> give him some running room. >> i'm only saying this because you remember, we went through this with newt. you know, bill clinton would push newt only so far, and then the conservatives in the caucus like myself and matt salmon, steve largent and others would say we're not doing a deal. we will take this place down. we're not doing a deal. and then newt would call bill clinton up and say, you're pushing me too far. you've got to work with me here. the same thing's happening right now with boehner. >> with boehner. >> the republican -- and when you start stripping people of committee -- committee seats, war breaks out and it gets really -- it happened with us. it's about to happen here. he's got to realize that boehner is his partner. >> it feels like we're at a really critical moment here with respect to boehner. and he can choose one of two paths. he could choose the recalcitrant path, which is perfectly possible, or he can say to himself, okay, i need to build a coalition for the purposes of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key guys. he can only go so far. i would guess that they're the ones holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say and turn it around. boehner and the republicans have to be aware of where obama's at in his own head and with his colleagues, which is no deal without some increase in rates, or we go over the cliff. >> let me just add one thing. when obama made that initial offer, we talked a little bit about how, you know, it was a wish list. it was ideological, whatever you want to say. i think it actually helped boehner in some respects because it gave him three or four things that he could then go back to his caucus and say, look, i moved obama off of this, this and this. and when boehner put his offer out there, you started to see what could potentially be a chip-trading process going on here, whereby you have some give on, you know, cpi, the inflation index for social security, and in exchange boehner would agree to some marginal rate in the tax rates. now the people need to start figuring out what they want to give and take. >> the only difference i would say, steve, between what the president wants and john boehner is it's not what john boehner wants. it's what john boehner can deliver. >> yeah. >> and this is a simple vote-counting measure. in his first interview since the election, president obama reiterated his demand that any deal has to raise taxes on the highest earners. but yesterday the president also appeared to show a little bit of flexibility in lowering those tax rates in the future. take a listen to what he said. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal -- what i've suggested is, let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it's possible that we may be able to lower rates by broadening the base at that point. >> mike, that, with all due respect to the president of the united states, that's never going to happen. and republicans are not going to raise taxes and say, well, maybe we'll cut taxes later on. it's not going to happen. but i do -- i do sense, in some things the president said and in some things john boehner has said, a possible pathway forward, but both sides really have to understand the limits of what the other side can bring. >> but look what's going on on both sides. on the president's side, he's got the left. he's got nancy pelosi and several other, you know, prominent democrats pushing him from the left. boehner has a more difficult path to negotiate. he's got jim demint in the senate hollering each and every day. he's got his own problems in the house, as we've just spoken to. within the context of this, jack lew, chief of staff, along with treasury geithner, is sitting there every day trying to put something together. jack lew 30 years ago was working for tip o'neill. he knows the rough architecture of a road map towards a deal. one of the keys, especially with regard to speaker boehner is, you cannot leave your opponent, speaker boehner, hanging out there to dry, getting pummeled by his own side. you've got to come to him a little. but i agree with steve rattner, the president is not going to yield on tax rates for the wealthy. he's not going to yield on that. >> he's going to have to yield in some way. i mean, maybe it's 37% that's the top tax rate. >> yeah. >> maybe you go from $250,000 to $400,000 or $250,000 to $500,000. he's going to have to yield. but mike, what jack lew and the president of the united states must know is john boehner is his best-case scenario. if john boehner goes down in an inner party squabble, they're going to have eric cantor next. >> yeah. >> and eric is not going to compromise any more than a lot of the more conservative members are going to compromise. there is no ghost of nelson rockefeller that's going to rise from the potomac and take the speaker's chair for the republicans. you've got the best that you're ever going to get, and you'd better figure out how to work the numbers. >> but hey, joe, let me give you a reason to feel good this tuesday because that's what i like to do. >> yeah, that's you. >> listen to the two sides. you've got boehner saying all revenue raised from caps and deductions over here. the president with his plan over here. i really believe -- and see if you agree, maybe steven agrees with this -- the answer's going to be in the middle because they're starting from these positions. i have a feeling that when a deal is done -- and i think one will get done, barnicle, i know you're a pessimist, i'm an optimist -- they're going to raise that $250,000. that will be a gift to the republicans. and then maybe we'll see reducing mortgage interest deductions from $1 million, which is how much you can deduct now, to $750,000. it will be somewhere in the middle between those two things. >> second homes, and there's a lot of running room there, you're right. i think one of the problems here is that you don't have relationships. boehner and the president, very little trust, even though, as you've pointed out, joe, john boehner is right now the best friend that bill clinton -- that, excuse me, that barack obama in wanting a deal can have. but unlike bill clinton, they don't have relationships. boehner was there sunday night for the congressional christmas party. there was no conversation even monday night. i don't understand that. >> andrea, it's just bizarre, isn't it? i have seen the worst political enemies get together at events like that, shake hands, talk, commiserate about how tough -- i mean, i've never seen -- i have never seen washington like this, and i was here in the '90s when it was really, really ugly. >> you saw impeachment. you saw other things going on. >> bill clinton and newt gingrich had a personal conversation. both of them told me on the day bill clinton was being impeached, they were talking about iraq. they were talking about other personal things. they were saying, we're going to get through this. and when we get through this, we've got a lot of bigger things to work. that doesn't happen, does it, andrea? >> during impeachment, bill clinton was having people to camp david and talking to people who were putting him on trial in the senate. there is a lot of talk right now in washington among democrats, among democratic senate chairs, among democratic senate chairs who broke with the clintons and went with obama early on, who have yet to get a phone call from the white house in four years. they have not -- these people feel that they just want a little love. and it doesn't cost much. >> andrea, when you say that, people think that i'm just saying that as a republican. i always discount republican criticisms of the president. i always have. i'm talking about the same people you're talking about. >> i know. >> i'm talking about the top democrats in the united states senate that say -- >> he just doesn't like it. >> he doesn't want to talk to us. he doesn't like us. he doesn't want to deal with us. >> when you're in politics and you run for president, that's the problem. and there are some things you've got to do. i'm sure they don't want to stand in receiving lines and greet thousands of people this christmas season, but they do that. >> they do it, yeah. steve, we're not piling this all on the president. you have republicans that haven't wanted to make a deal for a very long time. and i guess the question is, how do you make the deal? do you start by getting -- because barack obama said -- and, again, all due respect, he couldn't be any more wrong. he said, you don't get this done by sitting in a room. yes, you do. yes, you do. you're a businessman. you know. that's how you get the deal done. what can you live with? >> i think the problem, though, that the president may have been alluding to is everything we've just been saying, for him to sit in a room with john boehner doesn't necessarily get the deal done because john boehner doesn't necessarily speak for enough republicans. >> john boehner knows what he can get from his congress and what he can't, right? >> yes. and i think that's exactly why that letter was so firm on rates, where he just did not leave himself one bit of wiggle room. he said, i am not going to raise tax rates, period. you've heard the president say that he's going to raise rates, but he's not insisting on 39.6. he's willing to compromise. you heard the president put entitlements on the table and say i'm willing to do stuff on entitlements. there's talk about raising medicare age, the social security cost of living adjustment, but boehner is just stuck in this corner on rates. >> hey, mike barnicle, we're talking about the president right now because a lot of us believe, you know, that's where the buck stops, and that's where you get the negotiations going. we don't want to overlook, though, a new "washington post"/pew research poll that shows americans are blaming the problems of these negotiations on republicans. 53% are blaming congressional republicans. 27% are blaming barack obama. 12% are blaming both equally republicans are shouldering the blame by a 2-1 margin. and of those polled, 49% don't expect a deal to be reached by a deadline compared to 40% who do. here we have, again, a serious problem with republican branding. and branding comes from reality. people -- their natural instinct is to blame the republican party when standoffs like this occur. >> i'm surprised the number of 53% is that low. i would think it would be much higher than that. people get their news of politics today through television. so they see the republicans going after susan rice for four or five weeks or for three or four weeks. they now see the republicans seemingly standing in the way of a deal that could cost them in terms of their paychecks, money coming out of their paychecks at the expense of protecting rich people. that's what they see. that's what they take in. then they're asked, you know, who do you blame? there's only one obvious answer to most people, the republicans. they're going to bear the brunt of this. they are doing tremendous damage to their brand. and they have done tremendous damage to their brand over the last ten months during the election cycle and now during this negotiating process. >> they certainly have. i would only add a kauf yaccave stein, if republicans want to destroy their brand for good, make the term "republican" absolutely meaningless, go ahead and support tax increases without getting appropriate cuts, corresponding cuts. and this idea that some are suggesting that they just cave because it will make things easier, no. if they cave, raise taxes and get nothing in return of substance -- >> then what's the point of being a republican? >> -- what's the point of being a republican? they destroy their entire base, they destroy the party. and it's a nightmare for them. >> joe, can i jump in? i'm sorry, it's brian sullivan. i agree with you completely. here's the thing. i can't believe i agree with you. the republicans have got to take this off the table by agreeing with the president in part on the tax hikes. it's such a small part of our deficit problem. it's really a couple percent. but listen to us. it's dominating 95% of the national dialogue. go with it so we can move on to the big deals. >> yeah. >> republicans could declare a victory here. they could give a little bit, get a bunch on entitlements, get a big deficit reduction package. >> that's my point. there's an interesting tidbit in the times that we haven't talks about, but it gets to this point, which is republicans don't really want this tax cut fight, even though they know it's good for their brand. but they want to figure out a way out of it. and you increasingly see some anonymous republicans quoted in the paper saying let's get rid of this tax cut fight and move to a debt ceiling fight. so now they're looking at this fallback option where they say we'll agree to an extension of the bush tax rates below $250,000, push the debt ceiling fight and attach all the cuts there and we'll hold that hostage again. you know, i think we can read between the lines. i think the polling is looking increasingly bleak for the republican party. i think it's very clear that the president is willing to go off the cliff with respect to the tax hikes. >> right. >> there's not much boehner can actually do. >> and we've got to go to break. really quickly, steve, you've got to pick up on brian sullivan's point. that if you talk about the tax credits that the president is proposing that we're talking about, 95% of the time, it is such a small percentage of the national debt compared to medicare, medicaid. and yet it's consuming 95% of the conversation. >> it's so symbolic, though. >> it's symbolic. >> it's symbolic. >> it's symbolic. >> here's another point. the republicans are on the verge of achieving something that is really quite remarkable. the bush tax cuts were meant to be temporary. and they expire, as we all know. they are going to get 98% of these tax cuts made permanent. they could declare a victory. >> can we just stop and let that breathe in for a second? let's breathe that in for a second. the obama administration has basically -- basically, they are tony blair to george w. bush's margaret thatcher. they have said, we have to keep 98% of the bush tax cuts in place for the betterment of the economy. >> it's so much bigger than that. >> they have won. >> republicans won. >> we have won. tax breaks. >> so to give a couple of percentage points to 2% of people. >> it could be so much bigger because the conversation has been shifted to how do we reduce our deficit. >> brian sullivan, thank you so much. greatly appreciate your insights. thanks for being with us on "way too early." you can catch brian on cnbc's "street signs" at 2:00 p.m. he is the hardest working man in show business, or at least on the other side of the river. >>> coming up this morning, we've got republican senator tom coburn. can't wait to talk to tom. also, tom cole will be here on set. that's great. we're going to ask him what he was thinking last week. i'm joking. congressman. also, democratic senator claire mccaskill. can you believe this? and congressman chris van hollen. also, we're going to bring in former national security adviser dr. brzezinski. and straight ahead, mike allen with the top stories from "politico." and mika should be jetting in from the south of france just in time to say hello to her father. first, though, let's send it to bill karins with a check on the forecast. >> good morning to you, joe. you got to d.c. a day too late. yesterday, it had to have been the warmest day you'll see probably till about april. it was 72 degrees yesterday in washington, d.c. it was even in the 60s all the way as far north as buffalo, syracuse and rochester. things are coming back to reality. cold front's heading through. chillier air is arriving, especially western new york. some showers out ahead of that front. if you're leaving the house now in maine, coastal new hampshire down through boston out on the cape, you're going to get light showers over the next hour or on two. you also have a few showers that will be ending shortly. look how warm it is when you step out your door. even at this hour, philadelphia. but look back to your west. the colder air is arriving. already in the 30s, pittsburgh and buffalo. and even buffalo could get snow showers later on today. the rest of the country, some chillier air but not bad for this time of year. the southern half of the nation, you're not going to get this cooler air. you're going to stay mild today right through the weekend. temperatures in the upper 60s to low 70s. even a sneak peek at tomorrow shows a sunny, beautiful december day in the mid-atlantic and northeast. albeit a little bit -- that was the worst throw ever, barnicle. come on. there. oh. a little ricochet. we'll work on our father/son catch games. you're watching "morning joe," everyone, brewed by starbucks. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. of pain and fever relief recommended by pediatricians i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "morning joe." as you take a live look at the nation's capitol. let's take a look at the "morning papers." we start with our parade of papers, "the kansas city star." andrea, chime in here. despite a dramatic appearance from 89-year-old former senator bob dole, the senate failed to pass a u.n. disability treaty by just five votes. combat veterans like senators john mccain and john kerry delivered impassioned speeches, but dissenting voters said the treaty could pose a threat to national sovereignty. this is a stretch. more than 150 countries have signed the treaty designed to create unilateral rights for people with disabilities. it's actually based on america's ada act which bob dole helped pass more than 20 years ago. and you know, andrea, watching this american hero on the floor, a guy who is disabled, left part of himself, as he has said and others have said, on the battlefields of western europe, coming in and making a plea. i'm really surprised that this was killed by fringe concerns, fringe, fringe concerns. >> and it was, in fact, his fellow senators, several of the people who served with bob dole, who were the key votes here. and john kerry was leading it on the floor with john mccain. it was one of those bipartisan coalitions of veterans, wounded veterans, mccain and others, and the wounded warriors. the chamber of commerce. this is basically to take the american standard that bush 41 passed. it was his bill. >> george bush. >> george bush 41's bill spread it to the rest of the world. his son, george w., approved this treaty. it was sent up by president obama in '09, the senate foreign relations committee passed it easily, and then these republicans abandoned it on the floor. people are crying on the senate floor. >> john mccain gave such a passionate speech. so you have, mike barnicle, american hero, war veteran, john mccain, talking about how we help the disabled across the world with weeping american heroes who were wounded in war, watching. you have the standard set by one republican president. the treaty drawn up by another republican president, george w. bush. and voted down with bob dole yet another american hero, war hero, watching. i'm actually dumbfounded. i'm dumbfounded. sploo joe, pick the adjective, sad, pathetic, outrageous, incomprehensible. these people in washington in both the house and the, they do not know each other anymore. they have no friendships across the aisle anymore. they don't know one another's families anymore. you have this spectacle yesterday, you know, which is outrageous. and then we're talking about, geez, we hope they get together and get a deal, you know, on taxes, on the budget. the process is horrendously broken. it should be dismantled. money should be removed from politics. these people should be forced to live with one another, to get to know one another again. can you imagine doerksen, akin, javits, giants of the senate pass witnessing something like this? >> john kerry said it was the saddest day of nearly 28 years in the senate. >> wow. >> he said, this place is dysfunctional. and he was just that distressed. >> well, so many war heros, younger and older, came to support this bill. it was the right thing to do. and those that are suggesting that this treaty in any way would compromise u.s. sovereignty are living in an alternate reality. and i've got to say, too, it's another example of how the republicans continue to damage their brand. these sort of votes, these sort of stories have a lasting impact. i've talked about it for three years now. it is scar tissue that's slowly but surely builds up where good, doesn't, hardworking americans see what's going on in washington, d.c., and they're not even ideological. and they go, wait a second. we have wounded warriors here? we have american heroes? we have people that have voted their entire life to try to help other wounded warriors across the globe? and they're voted down by what is, in effect, the black helicopter crowd. >> exactly. >> this has impact on the republican party. it's more scar tissue. republicans, you need to get this back on the senate floor, and you need to pass it. the whole world may not be watching, but swing voters are. independent voters are. and what happens every day has an impact on what will happen two years from now and four years from now. and we learned that a couple of weeks ago. with us now, we've got chief white house correspondent for "politico," mike allen, here with the morning "playbook." mike, "politico's" lead story is how democrats are pleading with the obama campaign to share their data. lots of luck. explain. >> no, you're very wise. so this data vault that the obama campaign put together -- and there are estimates that the campaign spent $100 million writing their own software, building this database. and this isn't the old name rank, serial number databases that campaigns had in the past. this is layers and layers of data about each of their supporters. their social media contacts. their car registrations. their propensity to volunteer as well as cell phone er, e-mail. this is very valuable. as you know, that can perish very quickly. it can get obsolete. in obama world, they're talking about how to maintain this data, how to work this muscle, keep this database vibrant. they've already started this week. i think all of you probably got the e-mail from stephanie cutter, the deputy campaign manager, reaching out to the millions of obama supporters, asking them to post a story about how a $2,000 tax break, which is at stake on december 31st, would help them. meanwhile, all these republican candidates progressive groups, anybody who has something up in 2014, their mouths are watering for this data. and the obama campaign for now is not saying what they're going to do with it. i think they'll wait till closer to the inauguration. louis romano reports in the story now leading "politico" that they may form a nonprofit group to maintain it. it probably won't go over in the democratic national committee. it's so valuable, they're going to keep it to support the president's agenda. and one way to do that is democratic candidates. they'll eventually get to use it, but they won't get to hold it. >> all right. very good. mike allen, thank you so much. it's always great talking to you. >>> and coming up next, rg3 makes a courtside cameo at last nights wizards game and gets a well-deserved standing ovation. that's coming up next. and andrea's about to give him a standing ovation now. we're talking sports next. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see your doctor, and for a 30-day free trial, go to axiron.com. so, the 5.3-liter v-8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer power? [ laughing ] [ stops laughing ] [ male announcer ] chevy's giving more. this holiday season, trade up to get the 2012 chevy silverado all-star edition for 0% apr financing for 60 months plus $2,000 cash allowance or get a total value of $9,000. >>> here i am with all my closest friends, all right? the toy department. now sports, it's not often that the appearance of lebron james can top the appearance of someone else, but there he is, robert griffin iii, rg3, standing ovation when he shows up at the heat's game playing in washington. fourth quarter, jordan crawford's jumper falls. wizards, four-point lead with under three minutes to play. now less than two remaining. lebron james drives to the hoop. let's see him drive to the hoop. i missed it. okay. anyway, i don't even care what happened in the basketball game. wizards up by three. lebron, look, here he is. this is after the game. look at this. this kid is going to be, if he's not already, the face of the national football league. he is phenomenal. there's a series of rookie quarterbacks in the nfl this year. rg3 is one of them. russell wilson out in seattle, west coast, very few people get to see him play. andrew luck, he's tremendous in indianapolis. but andrea, rg3 in washington, you're a season ticket holder. you're in love with the guy. talk about him. >> well, first of all, he is -- he's a real leader. he's really smart. he's very well educated, has a graduate degree. he was raised all over the world because his parents were both in the military, both of them. and he has these core values. he was elected captain by his teammates as a rookie quarterback early on because he's signified this. i mean, this is a guy who helped put six points on the board after fumbling, a rare fumble, if you saw that play on monday night. >> yeah. >> sort of a weird play. we were all screaming, you know, that was a fumble! because obviously, if it hadn't been, it wouldn't have been six points. mike, he is really a very special character. this is not just spin. >> sam stein, i realize you went to school in the woods up there in dartmouth, but the idea of living in a metropolitan area, washington, d.c., where nearly everyone is obsessed with a single individual, the quarterback of the washington redskins, is incredible. >> andrea says this is not spin, but she's literally spinning. it's unbelievable, she's so happy with this guy. he fumbles correctly, this man walks on water to every washingtonian. as a giants fan, i'm bitter about this. >> you don't want to talk about the ivy league championship. >> more nba news. yahoo! sports is reporting the new orleans hornets might be renamed the new orleans pelicans as soon as the 2013/2014 season. owner tom benson who owns the saints football team is seeking a name more appropriate for the team's louisiana home and reportedly also considered the crew and the brass before settling on the louisiana state bird. why we're reading this, i have no idea, but i do now, because we have come up with a graphic here, the "morning joe" graphic team has been hard at work. this is their best estimation of what a new orleans pelicans logo could look like. take a peek at that and you'd want to play anywhere other than new orleans wearing a uniform like that. oh, well. okay. >>> coming up, the phrase is hurting cats. political columnist matt lewis explains why speaker john boehner has the most thankless job in washington. we're going to be right back here on "morning joe." [ male announce
Current
Dec 7, 2012 6:00am PST
george w. bush and how the economic problems that we have were because of george w. bush. well, that's not true. >> ah. >> caller: before george w. bush even took office we had boehner, and sanatorium tom daily, and grover norquist all of those guys were involved in this k street project -- >> stephanie: yeah, back when we had lobbyists. yeah, i got ya jim. we have short on time. the policies existed before george w. bush. >> yeah. >> stephanie: twenty-nine minutes after the hour. more fridays with fugelsang on the "stephanie miller show." ♪ those types are coming on to me all the time now. >> she gets the comedians >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> you would rather deal with ahmadinejad then me. >> absolutely! >> and so would mitt romeny. >> she's joy behar. >> and the best part is that current will let me say anything. what the hell were they thinking? >> only on current tv. ♪ >> announcer: stephanie miller. >> nobody believed we would make it, and look at us now. i drink and
KOFY
Nov 29, 2012 11:30am PST
will be discharged by the weekend. office from 89 to 93 and the father of former president george w. bush. >>> happening now president obama hosting republican mitt romney at the white house for a private lunch. romney arrived this morning walked into the west wing alone. it is the first meeting between the two since romney lost to president obama in the november election. that get together fulfills a promise president obama made during his election night victory speech. the white house says the president wants to talk about romney's ideas for making government more efficient. >>> lisa argen checks out where the showers are next. >>> we went all morning without airport delays now we have delays at sfo rain, wind gusts over 25 miles an hour. we are beginning to see the affects of a windy, rainy afternoon i'll dale when the next storm heads our way, how much rain, coming up. >> -- >>> actress lindsay lohan has >>> actress lindsay lohan has been realized again. people are stuck in very old d habits of using toothpaste to clean their denture. but dentures are very different to real teeth. they're about 10 t
ABC
Nov 29, 2012 11:00am PST
weekend. office from 89 to 93 and the father of former president george w. bush. >>> happening now president obama hosting republican mitt romney at the white house for a private lunch. romney arrived this morning walked into the west wing alone. it is the first meeting between the two since romney lost to president obama in the november election. that get together fulfills a promise president obama made during his election night victory speech. the white house says the president wants to talk about romney's ideas for making government more efficient. >>> lisa argen checks out where the showers are next. >>> we went all morning without airport delays now we have delays at sfo rain, wind gusts over 25 miles an hour. we are beginning to see the affects of a windy, rainy afternoon i'll dale when the next storm heads our way, how much rain, coming up. >> -- >>> actress lindsay lohan has been realized again. latest incident that sent her to jail overnight. >>> a film based on the shooting death of oscar grant will premiere at the sundance film festival the movie is selected to compete f
CNBC
Dec 3, 2012 7:00pm EST
, george w. bush got 40%, jeb bush got close to 50%, governor perry gets a high amount. it can to be done, star. >> i'm not saying it can't to be done but you can't say that even under george bush the policy was very different within the republican party when it looked at immigration in shutting the borders. has it intensified? yes. i'm from california. i understand what you're talking about. this is v-very difficult rhetoric that's been put against this particular people. but that's not the only question when we're talking about the latino community. >> star parker, thank you. i want to talk to you some more. we'll go back to the fiscal cliff. if high end tax rates are successful entrepreneurs rocket higher, you can bet the number of millionaires in this country is going south. that's if high taxes go up. millionaires go down. that's no good. in our land of opportunity, i want more millionaires. and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitm
MSNBC
Dec 5, 2012 9:00am PST
former president george wnchgts bush. we'll bring you the return of w. next. >>> lauren wanted to introduce the korean cabbage dish to mainstream america using her former skills as a marketer, she created mother-in-law's kimchi. she's using nonethnic packaging to appeal to a mass market and the product is carried in whole foods and fresh markets. for more watch "your business" this sunday morning at 7:30 on msnbc. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelt
FOX Business
Nov 30, 2012 11:00pm EST
, look at george w. bush. talk about a walking talking joke. the second time that he ran -- were you kidding me? all he had to do was repeat what he said and people were screaming. neil: and he got reelected. >> and he got reelected i will say that that is right. i do think it was overly disproportionate and part of my thinking is that everything that mitt romney would do or say became a joke. even stuff that had to stand out as being unusual. you hear what they have to say, certain guys, and it's easy to get a joke out of them. you know, obama, from the time he was running for president the first tie -- you don't want to come off as picking on that guy's the one i see, everyone holds their tongue because they don't want to look like -- >> yes, you don't want to look as racially prejudicial. his mother a muslim to live in the white house, that's a great show. but when it comes to the serious things, i think comedians are holding back. mitt romney, he makes statements about 47% of the american people without knowing that somebody is reporting it -- you know what i'm saying? [laughter]
FOX News
Dec 2, 2012 5:00pm PST
, the democrats were wringing their hands and george w. bush won with a higher popular vote total than in 2000 and he had increased the republican majorities in the house, and the senate. the first time a president had done that since fdr. and yet, the democrats came back to win the house in 2006. the presidency, the house and the senate in 2008. and there have been wild swings from one election to the next and there will be again, but don't go wobbly now, instead, go boldly forward to explain why you are right because i believe you are (applause) >> thanks, all right. instead of working with congress face-to-face to save the economy, president obama is trying to get his way by doing what he does best, campaigning, and making speeches about the fiscal cliff despite knowing that deadline was looming, the president never presented a plan until this week and the reception on capitol hill was, to say the least, chilly. senator mcconnell even laughed at the proposal when it was presented to him. joining me now, florida congressman allen west. colonel, thanks so much for being here. >>
MSNBC
Nov 29, 2012 6:00am PST
george w. bush won in 2004. it may be the second biggest margin that a democrat has won for re-election in the last 100 years. with the so-called fiscal cliff looming mr. obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory about tim geithner saying he's not the right guy for the white house to be sending in for these talks. >> do you think tim geithner, secretary geithner is the right person to lead the negotiations for the administration sf. >> i don't know. i don't think this is tim's strong suit. i think tim was given the job of treasury secretary because he understood the banking system. he's not a budget guy. he's not a tax guy. he's never rea
Current
Dec 6, 2012 6:00am PST
we'll go back to tax rates that work better than the current ones. many made a public plea to george w. bush not to enact these tax cuts. they said it would woesen the budget deficit decrease quality, and fail to produce economic growth. well what happened? [ bell chimes ] >> stephanie: exactly that. [ ♪ patriotic music ♪ ] >> stephanie: since then the budget deficit has ballooned, the economy has spiraled into the greatest decline since the great depression history has proved that 450 economists were exactly correct. this could push the american economy off of a fiscal cliff, am i missing something here? can it be such a bad thing. not really said the cbo. if congress extents current policy, the debt and deficit will increase slowing the economy and dramatically increasing interest costs. because of the deal congress and the president made last year it be result in across the board budget reductions, still there will be no decreases in social security, medicare and veteran's benefits. defense spending would take a big hit, but because of a windown in afghanistan some military leaders are as
FOX News
Dec 4, 2012 6:00am PST
up next on "happening now." jenna: in a few minutes former president george w. bush is speaking live at an event in dallas. we'll take you there. immigration is the theme today. that's what the former president is going to be talking about. we have conservative republicans pitching to reform on capitol hill. we'll weave this all together for you coming up on "happening now," we'll be with you in just about ten minutes. bill: there is a live look at dallas. former president george w. bush hosting a conference there today on the impact of immigration and the u.s. economy. he was the last republican president to get more than 40% of the hispanic vote. casey stegall live on the scene in dallas. good morning. >> reporter: hey, bill, good morning to you. there is going to be two different roundtables at this event being hosted by the federal reserve bank here in dallas, back here behind me. former president george w. bush will be speaking in about ten-minute's time because the whole event is sponsored by the bush institute, part of the new bush presidential library that is going to be open
MSNBC
Nov 29, 2012 10:00pm PST
president al gore and george w. bush had a private meeting after gore officially conceded the election. and president clinton gave the defeated bob dole a presidential medal of freedom just days before the second clinton inauguration. other rivals weren't as conciliatory. herbert hoover and franklin d. roosevelt reportedly sat in silence to the inauguration. walter mondale told politico he and ronald reagan never sat down for this kind of conversation. and is a former aide to john kerry told politico that kerry and george w. bush never spoke to one another after john kerry conceded the election. joining me now, pulitzer prize winning columnist for "the washington post" and msnbc analyst eugene erickson. and we have all -- i won't speak for you. i have -- i have more than once, i think, said we will keep in touch, let's keep in touch, to someone i did not then keep in touch with. i don't think i've ever been as phony about it, though, as these two guys today promising to stay in touch with each other after lunch. >> yeah. it was probably -- i've heard some people say the most awkward co
FOX News
Dec 4, 2012 4:00pm PST
on election day. years earlier former president george w. bush or bush 43 won much higher support among that demographic. now he has some advice on how the g.o.p. can regain its footing. plus, the navy's blue angels working to ensure that every kid gets presents this holiday season. even children whose neams were right in the path of super storm sandy. we are live on the ground in jersey. that's next. i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if
MSNBC
Dec 5, 2012 11:00am PST
immigrants. >> that was, of course, former president george w. bush dropping in to the immigration debate in a rare public appearance yesterday at the federal reserve bank in dallas. he is the latest, of course, to attempt to bring up comprehensive immigration reform for the party, an issue that seriously hurt mitt romney with latino voters. meantime, two possible contenders laid out their vision. paul ryan and mario rubio speaking at the leadership award dinner in washington. both made not so veiled references of mitt romney's 47% remark. >> both parties tend to divide americans in to our voters and their voters. let's be really clear. republicans must steer far clear of that trap. >> there are millions of mario rubios across america today. they're not looking for a handout. all they want is a job that provides for their families. >> with me now, roger simon for politico and quote a column "when all falls, gop could try democracy." roger, a great pleasure having you on. your reaction to ryan, rubio and former president bringing up issues we didn't hear in that tone of republicans
CNN
Dec 3, 2012 4:00pm PST
brooks was under president george w. bush. bob, i'm going to start with you if i can. so, at what point do you think the administration gets involved? is what we've seen now this sense they're creating weapons, is that enough? >> it's not enough. i think the fact they're mixing it is highly alarming, of course. if they start deploying this, if they start putting it on artillery shells, if it looks like they're really going to fire this stuff, i don't see any choice but we're going to have to go in. the west is completely, what i'd also like to say is that with the minority regime that runs s syria, would they use it, absolutely. if they're back is against the wall and they think they're going to go down, they will use any of these binary gases that would stop the revolt. i don't know they're at that point, but if they do, we really have to think about going in. >> so, peter, you've long been critical of how the administration has been handling this. do you think they should already be intervening? >> this red line which i think is a good idea and also could be signalling to the re
CSPAN
Dec 5, 2012 7:00am EST
, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any of us would want to be involved with. that's all i have to say. host: the video we just showed was shot by a c-span producer with his iphone. it was the former senator in a wheelchair making his way into the chamber yesterday for that vote. here's the new york times with that story. and a screen grab. seven he sat in support of the tree. -- he sat in support of the treaty. he's 89 and is a republican at who was the majority leader. his wife elizabeth dole and he left the port and republicans voted down the street. he was recently released from walter reed military center. now an independent caller from ohio, lee. caller: good morning. i am calling about something i have not heard about. people willing to take the $15 or $20 extra they're getting from the to% tax break, it is coming off their pension when they retire. social security is
FOX News
Dec 2, 2012 8:00am PST
doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise rates a point or two, that is not going to be end of the world. republicans understand that. let's get through with the fear we have had a couple of weeks of theater and let's get down to serious negotiations. i don't think the republicans want to fight to the death to protect tax breaks for the wealthy. that is not the message they want to send. they tried it during the election and they lost on that. >> eric: if i just interrupt, matt mentioned small businesses. let me read you this tough edtory from investors business daily this past week. they call it return of the tax-and-spend democrats in d.c. of the president's plan it says turn in a massive $1.6 trillion tax increase, most of which will hit small businesses. $600 billion of which the white house hasn't specified but combined it with the no spending cuts at all swept seen the game before. the democrats always pocket the taxes. forget about th
FOX News
Dec 1, 2012 11:00pm PST
gore lunch with george w. bush? >> no. >> he grew a beard, and he went and hung out with polar bears, right? >> but obama wants to look like the compromiser. he wants to look like the bipartisan guy. >> he can't do a beer summit with mitt romney. >> do something with baner. >> obama could use some instruction. we hope in this private meeting obama gets some instruction and pays attention to it. >> is romney going to have the guts to give it to the president some. >> i hope so. >> well that's a note from mitt to take. from awkward lunches to fiscal hunches. will taxing the rich help the sich? did you get that? that was for situation. warren buffet was on something called "the today show." he said the strategy behind his desire to bleed bucks from his billionaire buddies is how great it will make people earning under $250,000 feel. have a listen, listen havers. >> bottom line, would raising taxes on the wealthiest americans have a chilling affect on hiring in this country? >> no. i think it would have a great affect in terms of the morality of the -- the morale of the middle class who
FOX Business
Dec 6, 2012 8:00pm EST
go through easily, except yours. >> it must have been because of my large contribution to george w. bush campaign. neil: you know what i mean. should there be some standards? >> well i think there are. i think that political appointees in both parties get a bad wrap, there are failures, they are the one that get the attention, but having people around the world who are sensitive to the president who put them there and can speak with authority when they have to deliver a tough message to the country they are located it is a -- >> big difference. i don't know what they do? maybe when president visits, you could stay at the ambassador's residents. >> you are raising an important point that has nothing to do with any weather the ambassador is a political appointty. the way we do recognition will change. neil: they write notes. >> the role can vary depending on the person and post, a lot is simple reputation, which i think going to parties and ann win the wintour will be great at that. neil: thank you, ambassador. he had the gravitas. it should work into this. >> imwith you. neil: right, gravitas. he
CNN
Dec 5, 2012 11:00pm PST
george w. bush. donna, you know hillary clinton and you know her so well. the poll numbers look pretty stunning, but you know, it's easy to talk about something in the hypothetical, then someone runs and people start finding out all kinds of bad things about you. what do you think? first of all, there are 1,422 days until the next big presidential election. >> who's counting, donna? >> i'm always counting. i think secretary clinton is a phenomenal woman. she has been a proven leader at the state department. she has not only the right credentials if she decides to run, but i believe that right now, she's focusing on the job at hand. tomorrow, she'll be i think she's giving a human rights speech in ireland and beyond that, i think she just want to complete her tenure as secretary of state. perhaps rest, revive and get herself back into the campaign lifestyle that maybe she wants to get back into, but i think she has enough time to figure out what she wants to do. perhaps write a book on her amazing accomplishments and to think about 2016, perhaps sometime in 2014. she has time. >>
FOX Business
Dec 4, 2012 7:00pm EST
16 trillion in debt or consecutive years of italian dollar eficits, brought to us by george w. bush, and all fairness. >> well, i think the point here is that when people make comparisons, comparisons are relevant because you can run the numbers and say in terms of gdp -- relation to gdp or never, we are not quite as bad as greece or portugal or never, but they are just talking about a few ring keating billions. a trillion word is really unique to the united states. and i think that is what is going to kill us, the absolute numbers. germany can afford to bailout greece. nobody can afford to bailout the united states, and i would agree actually with bill archer that i think he understated. if you take the total debt situation, you're talking about just shy of three-quarters of a million dollars for the -- per american family. so you get a cup of coffee from a waitress in the diner, think of loading three-quarters of a million dollars of debt on to her shoulders for what? for what? does nothing to show for. lou: her children and their children that will be paying a large measure of that. g
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